Traton to acquire Navistar

Traton to acquire Navistar

Following discussions between Navistar and Traton, Navistar’s board of directors confirmed that it will move forward with a transaction in which Traton would acquire Navistar for $44.50 per share in cash. Navistar’s board confirmed that an offer of $44.50 per share has the support of Navistar’s two largest shareholders.

JP Morgan and PJT Partners are acting as Navistar’s financial advisors. Sullivan & Cromwell LLP is providing legal counsel. Brunswick is providing communication counsel.

Click here to read the full letter submitted to Traton can be viewed here.

Read our latest Navistar executive interview

You May Also Like

Navistar releases decarbonization update in 2023 sustainability report

Navistar said the report also looks at its commitment to sustainability through environmental initiatives, human rights due diligence and more.

Navistar-2023-sustainability-report

Navistar recently shared its 2023 Sustainability Report, which the company says highlights how it is "accelerating the impact of sustainable mobility with its main area of strategic focus on decarbonization." Navistar said the report also shines a light on how the company is solidifying its commitment to sustainability through circular business practices, social impact and environmental compliance initiatives, human rights due diligence, and diversity, equity, and inclusion efforts.

Scania opens orders for autonomous mining trucks

Scania’s 40-tonne autonomous heavy tipper for mining available to order, and the 50-tonne model to follow shortly afterwards.

Scania-autonomous-mining-truck
FTR: Truck orders exceed recent trends in May; vocational sales stand out

Not only are orders up m/m and y/y, FTR said this level is above recent demand trends and 2% above the average for May over the past decade.

FTR-May-Preliminary-Class-8-orders
PACCAR MX-13 CARB compliant engine available in Peterbilt 579, 567, 589

The PACCAR MX-13 diesel engine meets the CARB Omnibus Regulation and is available in high performance or efficiency focused ratings.

Cummins, PACCAR, Daimler Truck N.A. complete joint venture formation

The completed joint venture is now known as Amplify Cell Technologies.

Accelera-Daimler-Paccar

Other Posts

What trucking execs said at ACT Expo; plus the biggest news from the show

Our ACT recap includes speeches from Volvo’s Roger Alm, Tesla’s Dan Priestley, and more.

act-recap-1400
FTR sees rise in April trailer orders

With 13,016 units sold, April saw 9% m/m and 45% y/y gains. However, trailer orders were still 20% below the average for the last 12 months.

FTR-april-trailer-orders-chart
Embracing truck service changes that come with EVs

Young Trucks adapts to EVs with Volvo’s certification program, investing in equipment, training, and safety for heavy-duty electric truck service.

Trucking-Sustainably-Young-Trucks-ev-dealer-1400
Kenworth talks Cummins natural gas engine trucking applications

Driven by decarbonization, the Kenwortth T680 outfitted with the Cummins X15N natural gas engine aims to lower trucking emissions.

kenworth-cummins-natural-gas-engine-UPS-truck-1400